Shares of Hindustan Zinc jumped nearly 4% on Wednesday after the Vedanta Group company reported triple digit growth in bottom line for the second quarter of the ongoing financial year 2027, but Jefferies still reduced target price while maintaining its ‘Buy’ call on the stock.
The company on Monday reported a consolidated net profit of Rs 6,412 crore for the second quarter of the ongoing financial year 2027, marking a sharp 142% year-on-year increase from the Rs 2,649 crore reported in the corresponding quarter of the previous financial year. The shares of the company surged to Rs 560 apiece on NSE on Wednesday morning.
